ARDX vs GNE: Correlation
Ardelyx, Inc. (ARDX) and Genie Energy Ltd. (GNE) show a negative relationship: their 3-year correlation of weekly returns is -0.20.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ARDX and GNE?
Across a 3-year window, the weekly returns of ARDX and GNE correlate at -0.20, negative, meaning they tend to move in opposite directions. The past 12 months show a tighter link (0.00) than the 3-year average (-0.20). Stretching to 5 years gives -0.04, with an annualized covariance of -519.8 %².
GNE is close to the least connected end of ARDX's tracked universe, ranking #8 of 11. Their recent paths diverged sharply: over the last 12 months GNE outperformed by 39.0 percentage points (-38.3% for ARDX against +0.7% for GNE). One caveat on sizing: ARDX is 1.9 times as volatile as the other leg, so an equal-dollar split is far from equal-risk.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ARDX vs GNE: side by side
| ARDX (Ardelyx, Inc.) | GNE (Genie Energy Ltd.) | |
|---|---|---|
| 1-year return | -38.3% | +0.7% |
| 5-year return | +165.3% | +155.5% |
| Volatility (ann.) | 70.9% | 37.4% |
| Beta vs S&P 500 | 1.03 | 0.18 |
| Max drawdown (3Y) | -66.3% | -55.5% |
| Market cap | $1.0B | $0.4B |
| P/E (trailing) | – | 13.4 |
| Dividend yield | 0.00% | 2.00% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ARDX | GNE |
|---|---|---|
| 2022 | +159.1% | +95.3% |
| 2023 | +117.5% | +177.3% |
| 2024 | -18.2% | -43.6% |
| 2025 | +15.0% | -9.9% |
| 2026 | -34.5% | +9.9% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ARDX and GNE good diversifiers for each other?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
FAQ
What is the correlation between ARDX and GNE?
As of 2026-08-27, the correlation of weekly returns between ARDX and GNE is -0.20 over 3 years, 0.00 over 1 year and -0.04 over 5 years.
Is GNE a good diversifier for ARDX?
Yes: at -0.20, the two have gone their own ways historically, which is what genuine diversification looks like.
What does a correlation of -0.20 mean?
A reading of -0.20 sits on a scale from −1 (opposite moves) through 0 (unrelated) to +1 (identical moves). Correlation captures direction, not magnitude or performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/ardx-vs-gne.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/ardx-vs-gne/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ARDX correlations · GNE correlations
